selling oil and gas is about 22% of our overall yearly budget right now. If the oil gets cheaper(it seems like it won't and the opposite is happening) it's not going to be the end of the world.
>>529466356>Venezuelan crudeIt stays crude because it's so shit nobody has the equipment to refine it. You have to pump gas down to dissolve and soften it up enough so it can even be pumped up.
>>529468479The US does.
>>529468880Does it? I have it on good authority it doesn't.
>>529469168Whose authority?
>>529466356Iran and Venezuela already were pumping as much as they could and selling to whoever was willing to buy (i.e. China). No one wants to invest in Venezuelan oil to pump more because margins on most Venezuelan oil is thin and an investment is unlikely to pay off because oil prices are on a long term downward trend. No one will want to invest in increasing Iranian oil output, because the two likely scenarios are that either the Iranian government survives or that Iran turns into failed state.
>>529469206Nah, Chevron is investing in Venezuela. "Margins" don't mean what you think they do memeflag.
>>529468479USA has 6 gorillion refineries built specifically for Venezuelan crude from the pre-Chavez days that have been waiting for this moment
